Senator Bill Hagerty expects the Senate to pass the GENIUS Act this week. Here's what it may mean for Bitcoin Pepe.

Bitcoin surged to a fresh record high on Thursday, fuelled by optimism that the US Congress will soon pass a bill ill for stablecoin- the GENIUS Act, which is set to be the first regulatory framework under the Trump Administration.

While bitcoin evangelist Michael Saylor’s claim may not be strictly true, the inexorable rise of the cryptocurrency continues and the milestones keep coming. Bitcoin hit an all-time high of $111,000 in overnight trading Thursday,

Stablecoins are the focus of the GENIUS Act, but if the bill is enacted into law, it will likely have an impact on U.S. citizens’ ability to use Bitcoin privately.

The cryptocurrency has been on a months-long tear thanks to the pro-crypto Trump administration and April's tariff chaos.

The U.S. Senate has passed the GENIUS Act, making regulated stablecoins a policy priority and hinting at fresh institutional crypto inflows.

Bitcoin’s value broke the $100,000 mark for the first time in early December and moved even higher later in the month before pricing eased a bit. The digital token ended 2024 up over 100% for the year, with about half that gain realized after President Donald Trump‘s election victory in early November.

The Company has increased its Bitcoin Treasury by an additional 40%, with the purchase of 24.5 Bitcoin. The Company currently holds 85.5 Bitcoin purchased for $8.5 million, at an average price of $99,700 per Bitcoin.

Bitcoin touches $106,000 amid JPMorgan's bullish pivot and a tip that Congress may soon move crypto laws that could send BTC to new highs. Here's what’s next.

The bill’s co-sponsors are feeling confident the bill will now head towards a final vote in the Senate as soon next week. According to crypto analysts, including Fundstrat’s Sean Farrell, that could spark another massive Bitcoin rally.

Bitcoin (BTC) price created a local low of $104,480 today and is up 0.50%. Following BTC's footsteps, Ethereum (ETH) and Dogecoin (DOGE) prices are up